By Ajai Chowdhry With a favourable economic environment like never before and backed by a majority government, the industry has high hopes from the Union Budget 2015-16 riding on the party's 'Ache din aane waale hain' campaigning. With the announcement of several key initiatives that seek to revive growth like Skill India and Make in India, the market confidence and investor sentiment both have got a major boost which in turn has created an optimistic business...

NEW DELHI: The ambitious Digital India programme, an integral plank of Prime Minister Narendra Modi's government, was "making good progress", said the Finance Minister on Saturday. An overall sum of Rs 2,510 crore has been set aside in the budget for 2015-16 under the head "Digital India Programme and Telecommunications and Electronic Industries". Digital India is a Rs 1.13-lakh crore government initiative that seeks to transform the country into a connected ...

NEW DELHI: Prime Minister Narendra Modi has given his full support to push electronics manufacturing, which needs lots of incentives and duty restructuring, Telecom and IT Minister Ravi Shankar Prasad said today. "We can give jobs to 2 crore 80 lakh people if we push electronics manufacturing in a big way that requires lots of incentives, duty restructuring, other things. "Because budget is coming I cannot tell you anything, except to say that the PM was all...

NEW DELHI: The Manufacturers Association of Information Technology (MAIT) on Tuesday lauded Prime Minister Narendra Modi's intent of India-made products, saying it will benefit millions of youth in the country. Modi, in his maiden Independence Day speech urged global firms to "come, make in India. " The government aims to revive domestic manufacturing that also includes electronic goods and chip-level components. In a statement Tuesday, MAIT executive...

Touted as one of the key pet projects of PM Narendra Modi , Smart Cities, an area that had been allocated funds of Rs.7060 crore in the previous budget presentation of FM Arun Jaitley , has found no mention in the Budget speech this year around. The IT, Infrastructure and Realty sectors were all looking forward to some implementation announcements on the smart cities front. The Digital India and the Make in India Progam however found significant mention in FM's speech.

NEW DELHI: Electronics industry players want the government to address the decade old anomaly of inverted duty structure that has eroded domestic manufacturing base and is still hampering its development. Due to the inverted duty structure imports of finished goods are encouraged and the import of semi-manufactured goods and components are discouraged which can be used for manufacturing completed products in the country, said...

NEW DELHI: The government expects investment proposals in electronics manufacturing to "more than double" in the two years to 2017-18, a top official told ET, giving a push to the government's 'Make in India' initiative. Of 54 proposals received, the Centre has approved 30 requests entailing investments of Rs 6,000 crore, while 24 are in an "advanced stage" and are likely to be cleared before the end of this financial year, Ajay Kumar , joint...

NEW DELHI: India aims to achieve a turnover of $400 billion from domestic electronics manufacturing by 2020. The government will take a series of initiatives to attract $100-billion investment in this sector, communication minister Kapil Sibal said on Monday. Unveiling the draft electronics manufacturing policy, Sibal pointed out that domestic manufacturing in the current scenario could cater to only $100 billion worth...

NEW DELHI: Prime Minister Narendra Modi's 'Make in India' plan is set to get a boost as various ministerial departments have reached a broad consensus to extend the Modified Special Incentive Package Scheme (M-SIPS) by five years and allow additional benefits for high-investment projects in the country aimed at reducing dependence on electronic imports. A draft Cabinet note suggesting amendments to the existing M-SIPS scheme was...

NEW DELHI: German companies such as Bosch and Infineon Technologies have shown interest in investing in India, giving a boost to Prime Minister Narendra Modi's ambitious 'Make in India' push to promote local manufacturing, said Ravi Shankar Prasad , minister of communications and information technology. During his recent visit to Germany , Prasad had met representatives from electronics bodies and...

NEW DELHI: Google is ready to help India implement Prime Minister Narendra Modi's "Digital India" initiative, and the government has a well laid out plan to realise it, said Google's Chief Internet Evangelist Vinton G. Cerf . Cerf was speaking at a seminar organised by Federation of Indian Chambers of Commerce and Industry ( FICCI ) here on Tuesday. "It is very clear that the private sector is going to have to play a major role, but it...

NEW DELHI: Prime Minister Narendra Modi's 'Make in India' plan is set to get a boost as various ministerial departments have reached a broad consensus to extend the Modified Special Incentive Package Scheme (M-SIPS) by five years and allow additional benefits for high-investment projects in the country aimed at reducing dependence on electronic imports. A draft Cabinet note suggesting amendments to the existing M-SIPS scheme was discussed...

By Ajai Chowdhry With a favourable economic environment like never before and backed by a majority government, the industry has high hopes from the Union Budget 2015-16 riding on the party's 'Ache din aane waale hain' campaigning. With the announcement of several key initiatives that seek to revive growth like Skill India and Make in India, the market confidence and investor sentiment both have got a major boost which in turn has created an...

BANGALORE: Inviting investors, Karnataka Chief Minister Siddaramaiah today pitched for making the state as a hub for electronics manufacturing following its success in the field of information technology. "I want Karnataka to be home to the most vibrant ESDM (Electronic System Design and Manufacturing) ecosystem in the world, catering to the demands of domestic and global markets," Siddaramiah said at IESA Vision Summit here. The Chief Minister said...

BANGALORE: Three companies - Tejas, Tessolve and Bosch - today said they will invest about Rs 2,600 crore in electronic manufacturing projects over the next few years. The companies are making investments under the government's special incentive scheme, M-SIPS. While Tejas Networks will invest in telecom equipment manufacturing, Tessolve Semiconductor plans to set up an assembly and testing plant. Bosch will make investments in the field of electronics as...

LUCKNOW: Industry body Indian Cellular Association today asked the government to take steps to boost the country's presence in the field of electronics manufacturing, saying the exit of Nokia has had an adverse impact on mobile phone exports. Despite massive potential for growth, ICA rued that India's representation in $2 trillion electronics segment is inadequate. "Electronics is the most promising and growing segment of two...

NEW DELHI: Outsourcing firm iGate Corporation on Tuesday reported a 14.6% percent increase in fourth quarter profit to $38.0 million, compared with $33.1 million in the year-ago period. Net revenues at the United States-based firm, which follows the January-December as fiscal year, rose 10.7% percent to $331.5 million in the quarter ended December 2014. "We are satisfied with our fourth quarter and full year 2014 results...Our digital practice will be a key focus...

NEW DELHI: At the launch of the government's 'National Digital Literacy Mission', Prime Minister Narendra Modi on Thursday said, "A digital revolution is about to begin. " Modi went on to say that his vision of a 'digital' India encompasses a time when the common man is able to track the government's work from his mobile phone. The National Digital Literacy Mission envisions to make 10 lakh citizens across India digitally literate. ...

NEW DELHI: The government expects investment proposals in electronics manufacturing to "more than double" in the two years to 2017-18, a top official told ET, giving a push to the government's 'Make in India' initiative. Of 54 proposals received, the Centre has approved 30 requests entailing investments of Rs 6,000 crore, while 24 are in an "advanced stage" and are likely to be cleared before the end of this financial year, Ajay Kumar , joint...

NEW DELHI: Outsourcing firm iGate Corporation on Tuesday reported a 14.6% percent increase in fourth quarter profit to $38.0 million, compared with $33.1 million in the year-ago period. Net revenues at the United States-based firm, which follows the January-December as fiscal year, rose 10.7% percent to $331.5 million in the quarter ended December 2014. "We are satisfied with our fourth quarter and full year 2014 results...Our digital...